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TU DISPOSITIVO ES MUY PEQUEÑO,
PRUEBA CON UNO MÁS GRANDE

Logotipo Supermercados Día Memoria Anual 2015
05 Shareholders

5.3Shareholder remuneration

DIA stuck with its policy of increasing shareholder remuneration in 2015 and did so in two ways: (i) directly, paying out a dividend that was 20% higher year-on-year; and (ii) indirectly, by reducing share capital by 4.16%, automatically increasing each shareholder’s ownership interest in the company.

Continuing its strategy of maintaining a payout in the order of 40%-50% of underlying profit, the company paid out a dividend per share of €0.18 (before withholdings) from 2014 profits on 16 July 2015. This dividend implied a payout (in terms of underlying net profit) of 43.9% and a dividend outlay of around €115 million.

In the wake of this payment, shareholder remuneration since DIA’s IPO in 2001 has totalled €808 million, €497 million of which in the form of cash dividends and €312 million in the form of buyback programmes and subsequent share cancellations.

The company has earmarked over €800 million to shareholder remuneration since it went public in 2011

For 2016, the Board of Directors will submit a motion to pay a dividend of €0.20 per share (before withholdings) from 2015 profits at the upcoming Annual General Meeting, year-on-year growth of 11.1% and representing a payout ratio of 49%.

2015 2014 2013 2012
DPS (before withholdings) €0.18 €0.16 €0.13 €0.11
Payout (dividend/net profit) 43.9% 45.7% 46.5% 47.8%

Complementing dividend policy and facilitated by its cash flow generation capabilities, on 10 September, the company reduced its share capital by €2.86 million by cancelling 28.6 million own shares (unit par value: €0.10), equivalent to 4.16% of the total outstanding. Following this transaction, DIA”s share capital stands at €62,245,651.

These shares were cancelled and de-listed following execution of the share buyback programme approved by the Board of Directors on 23 February 2015. The shares were bought back at an average price of €7.0. In total, the company bought back 28.6 million shares for €200 million.

Creditos

Edita:
DIA, S.A.
Parque empresarial de las Rozas - Edif. TRIPARK
C/ Jacinto Benavente 2 A 28232 Las Rozas. Madrid - España

Realización y coordinación:
DEVA | Comunicación financiera y sostenibilidad

Diseño:
STROCEN.COM | New Corporate Design

Desarrollo web:
efe6 <Rebuilding ideas/>

Translation:
Tara O’Donoghue

Fotografía:
Jesús Umbría / DIA